MPs & Gold Plated Final Salary Pensions

I laughed when I read the following article http://www.investorschronicle.co.uk/2012/10/16/comment/smart-money/let-o... If Members of Parliament were stripped of their gold plated and very generous final salary pensions in favour of a group personal pension scheme, I believe the unfavourable changes to the taxation of pensions would not have occurred. I also believe the political elite would have thought twice about all of the quantative easing which has been so adverse on annuity rates and income drawdown as gilt rates are artificially low.

This information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action. The tips may not apply, or be suitable, to everyone and you should contact us for advice if you are unsure whether this is the case.

Topics: